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Goldman: Brent To Retest $80 This Year

Goldman: Brent To Retest $80 This Year

Goldman Sachs still expects oil…

The Downside Risk For Oil

The Downside Risk For Oil

Oil market sentiment is as…

Energy / Oil Prices

Oil Slides As Saudis, Russia Consider 1 Million Bpd Output Boost

Oil Slides As Saudis, Russia Consider 1 Million Bpd Output Boost

May 25, 2018 at 09:21 | Tsvetana Paraskova

OPEC’s largest producer Saudi Arabia and its key non-OPEC partner in the production cut deal, Russia, are discussing lifting the combined oil production of the countries from the pact by…

Oil Prices Fall Despite Iran, Venezuela, Libyan Supply Outages

Oil Prices Fall Despite Iran, Venezuela, Libyan Supply Outages

May 24, 2018 at 15:14 | Julianne Geiger

The WTI crude and Brent crude benchmarks fell on Thursday, despite multiple production outage fears in major producing countries, either real or prospective, including Venezuela, Libya, and Iran.…

Farmers Reeling From High Oil Prices

Farmers Reeling From High Oil Prices

May 21, 2018 at 14:43 | Tsvetana Paraskova

As the summer driving season approaches, drivers are already paying more for gasoline due to the oil price rally in recent months. But higher oil prices affect not only the…

Oil Jumps On Positive Trade War News, Venezuela

Oil Jumps On Positive Trade War News, Venezuela

May 21, 2018 at 09:32 | Irina Slav

After a slide last week, Brent and West Texas Intermediate started the week with a modest increase thanks to an announcement from Treasury Secretary Steven Mnuchin that the trade…

How An

How An "Oil Price Shock" Will Hurt The U.S. Economy

May 18, 2018 at 17:02 | ZeroHedge

One month ago, when looking at the sharp spike in oil and gasoline prices (which at the time averaged $2.73), we said that the surge in energy costs -…

Brent Breaks $80 On Flurry Of Bullish News

Brent Breaks $80 On Flurry Of Bullish News

May 17, 2018 at 09:30 | ZeroHedge

Ticker: Two weeks after Saudi Arabia said it was targeting $80/bbl oil, this morning Riyadh got its wishes early when Brent hit the Saudi target, jumping as much as 1%…

$4 Gasoline Could Cripple The U.S. Economy

$4 Gasoline Could Cripple The U.S. Economy

May 16, 2018 at 13:37 | ZeroHedge

Consumers, who are already being squeezed by rising interest rates (even as the return on their cash deposits remains anchored near zero), are facing another potential constraint on their already…

Oil Markets Tremble On Iran, Israel Flare-Up

Oil Markets Tremble On Iran, Israel Flare-Up

May 10, 2018 at 09:37 | Irina Slav

Brent crude briefly jumped above US$77 a barrel today after a flare-up of tensions in the Middle East and an exchange of strikes between Iranian forces in Syria and the…

Goldman: Oil Prices To Hit $82.50 By The Summer

Goldman: Oil Prices To Hit $82.50 By The Summer

May 09, 2018 at 12:35 | Tsvetana Paraskova

Increased geopolitical tensions in the Middle East, plunging Venezuelan production, and now the U.S. withdrawal from the Iran nuclear deal could push Brent Crude prices to $82.50 a barrel…

Brent Rises To 4-Year High As Houthis Target Saudi Oil Facility

Brent Rises To 4-Year High As Houthis Target Saudi Oil Facility

May 07, 2018 at 10:57 | Tsvetana Paraskova

Houthi rebels in Yemen claim to have fired two ballistic missiles toward an oil facility in the southern Saudi city of Jizan, close to the border with Yemen, Houthi-controlled…

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